Several years ago, you and a friend started an online home décor retail store. you each invested $30,000 to get the business off the ground. profits were good for the first few years, then you began losing business as other large retail stores began selling online. while sales were dwindling, you kept purchasing inventory in hopes the market would bounce back. it didn’t and now you must close the business. at last check, you owe these suppliers over $75,000; but there is literally $0 in the business bank account. you decide to shut the company down.

for each of the ownership structures below, identify the total personal liability for you and your friend.

sole proprietorship select ($0$30,000$60,000$75,000$100,000) item 1

partnership select ($0$30,000$60,000$75,000$100,000) item 2

llc select ($0$30,000$60,000$75,000$100,000 item 3

corporation select ($0$30,000$60,000$75,000$100,000) item 4

On june 1 of the current year, chad wilson established a business to manage rental property. he completed the following transactions during june: opened a business bank account with a deposit of $28,000 from personal funds. purchased office supplies on account, $2,690. received cash from fees earned for managing rental property, $7,390. paid rent on office and equipment for the month, $3,310. paid creditors on account, $1,230. billed customers for fees earned for managing rental property, $6,130. paid automobile expenses (including rental charges) for the month, $740, and miscellaneous expenses, $370. paid office salaries, $2,330. determined that the cost of supplies on hand was $1,590; therefore, the cost of supplies used was $1,100. withdrew cash for personal use, $2,210. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300) answer

Conor is 21 years old and just started working after college. he has opened a retirement account that pays 2.5% interest compounded monthly. he plans on making monthly deposits of $200. how much will he have in the account when he reaches 591 years of age?

Which of these is not a result of regular exercise